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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
New Lows Hit *RES 4: 3486.31.....>
EUROSTOXX50 TECHS: New Lows Hit
*RES 4: 3486.31 High Aug 10
*RES 3: 3452.41 High Sep 27
*RES 2: 3230.00 Down trendline resistance form Oct 26 high
*RES 1: 3110.37 21-dma
*PREVIOUS CLOSE: 3000.06
*SUP 1: 2980.00 Channel bottom
*SUP 2: 2937.98 Low Nov 9 2016
*SUP 3: 2678.27 Low Jul 1 2016
*SUP 4: 2494.54 Low May 24, 2013
Eurostoxx hit new lows yesterday briefly taking out the 3000 level before
closing marginally above it. Channel support at 2980.00 is the next downside
target, below which opens the Nov 2016 low at 2937.98. Bulls need to take out
the 21-dma now at 3110.37 to improve the outlook, above which would allow a
challenge of down trendline resistance to target the Nov 8 highs at 3230.00.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.